Brokerages Set J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) PT at $205.56

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) has received a consensus rating of “Moderate Buy” from the seventeen ratings firms that are covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $197.39.

A number of research analysts recently issued reports on the company. Evercore ISI reduced their price target on J.B. Hunt Transport Services from $218.00 to $199.00 and set an “outperform” rating on the stock in a report on Wednesday. Benchmark reiterated a “buy” rating and set a $215.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday. TD Cowen reduced their target price on J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating on the stock in a report on Wednesday. Barclays reduced their target price on J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, Raymond James upped their target price on J.B. Hunt Transport Services from $200.00 to $209.00 and gave the stock an “outperform” rating in a report on Tuesday, January 16th.

J.B. Hunt Transport Services Stock Down 8.1 %

Shares of NASDAQ:JBHT opened at $168.13 on Friday. J.B. Hunt Transport Services has a 1 year low of $160.07 and a 1 year high of $219.51. The company has a market cap of $17.37 billion, a PE ratio of 24.12, a P/E/G ratio of 1.62 and a beta of 1.11. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.15. The stock’s 50-day moving average is $199.89 and its 200 day moving average is $193.17.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Tuesday, April 16th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.31). J.B. Hunt Transport Services had a net margin of 5.68% and a return on equity of 18.40%. The business had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $3.12 billion. Sell-side analysts anticipate that J.B. Hunt Transport Services will post 7.61 EPS for the current year.

Insider Activity at J.B. Hunt Transport Services

In related news, SVP Kevin Bracy sold 754 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $211.79, for a total value of $159,689.66. Following the transaction, the senior vice president now directly owns 8,235 shares of the company’s stock, valued at approximately $1,744,090.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP David Keefauver sold 978 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $205.06, for a total value of $200,548.68. Following the transaction, the executive vice president now directly owns 1,119 shares of the company’s stock, valued at approximately $229,462.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Kevin Bracy sold 754 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $211.79, for a total value of $159,689.66. Following the completion of the transaction, the senior vice president now directly owns 8,235 shares in the company, valued at $1,744,090.65. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,432 shares of company stock valued at $4,309,687. 2.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On J.B. Hunt Transport Services

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of J.B. Hunt Transport Services by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 9,744,668 shares of the transportation company’s stock valued at $1,946,400,000 after buying an additional 80,123 shares during the period. BlackRock Inc. lifted its holdings in shares of J.B. Hunt Transport Services by 6.8% during the 1st quarter. BlackRock Inc. now owns 6,714,693 shares of the transportation company’s stock valued at $1,178,160,000 after buying an additional 429,256 shares during the period. Morgan Stanley lifted its holdings in shares of J.B. Hunt Transport Services by 269.1% during the 4th quarter. Morgan Stanley now owns 2,371,613 shares of the transportation company’s stock valued at $413,514,000 after buying an additional 1,728,989 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of J.B. Hunt Transport Services by 3.0% during the 4th quarter. Victory Capital Management Inc. now owns 2,168,748 shares of the transportation company’s stock valued at $433,186,000 after buying an additional 62,313 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of J.B. Hunt Transport Services by 184.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,154,757 shares of the transportation company’s stock valued at $406,215,000 after buying an additional 1,397,651 shares during the period. 74.95% of the stock is owned by institutional investors.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.